Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

Gryphon Environmental Expands Owensboro, Kentucky, Facility

09/07/2017
Gryphon Environmental, which makes industrial drying systems for food processors, paper manufacturers, the municipal wastewater treatment market and other industries, will invest more than $1.76 million and create 20 full-time jobs as it moves to a larger facility within Owensboro, Kentucky.

Currently located on Fairview Drive in Owensboro, Gryphon plans to lease a larger facility to increase production and more than triple its workforce from nine employees to 29. The relocation also gives Gryphon space to grow in the future.

“We are pleased to plan growth and work with the Commonwealth of Kentucky. The state has been a positive promoter of Gryphon and continues to show the support that enables more rapid expansion,” Gryphon President & CEO Tid Griffin said.

“Gryphon Environmental’s investment and new job creation represents the kind of opportunity our administration seeks to create by improving Kentucky’s business climate,” Governor Matt Bevin said. “This is a win for both the company and the Owensboro area. As a designer, producer and supplier of advanced manufacturing equipment, Gryphon’s success will encourage and facilitate growth among other Kentucky industries in the future.”

The past decade, Gryphon worked closely with the Cabinet for Economic Development’s Kentucky Innovation Network, receiving guidance, planning, mentorship and other services in addition to a business loan approved by the Kentucky Economic Development Finance Authority (KEDFA) in 2009.

To encourage the investment and job growth in the community, KEDFA in August preliminarily approved the company for tax incentives up to $400,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets. In addition, Gryphon can receive resources from the Kentucky Skills Network.

Article Discussion

Follow Area Development

Share